Robert Kiyosaki, author of the renowned personal finance book “Rich Dad, Poor Dad,” predicts $100,000 Bitcoin by September and views the current economic landscape.
Kiyosaki, known for his insights on wealth-building and investment, announced his plans to purchase 10 more Bitcoin before April, emphasizing the upcoming Bitcoin halving as a significant event for potential investors.
He suggests that those who cannot afford a whole Bitcoin might consider buying a fraction of one through the Bitcoin ETFs or Satoshis, hinting at the possibility of owning an entire Bitcoin by year’s end if the process unfolds as expected.
The noted author contrasts his prediction with a recommendation for those less inclined towards Bitcoin to invest in silver, specifically U.S. silver eagles. Citing his friend Andy Schectman, Kiyosaki notes the dwindling supply of silver and highlights the difficulties in acquiring junk silver, referring to pre-1964 U.S. silver coins.
The backdrop to Kiyosaki’s investment advice is a grim portrayal of the global economic condition. He cites several factors contributing to financial instability, including the United States being the largest debtor nation, China’s faltering property market, Japan’s prolonged economic slump, Germany’s descent into depression, consumers’ reliance on credit cards, troubled banks, and looming global conflict.
Kiyosaki echoes the sentiment of Bitcoin advocate Michael Saylor, emphasizing the pitfalls of saving in fiat currency, which Saylor derogatorily refers to as fake money.
Echoing the urgency of avoiding financial impoverishment, Kiyosaki, alongside Saylor and Schectman, encourages the acquisition of gold, silver, and Bitcoin. He notes silver’s affordability, making it accessible to a broader audience. Current prices for Bitcoin (BTC) are $70,000, gold is approximately $2,500, and silver is about $35 per coin.
